2A17
DEPUTY CITY TREASURER

This is public financial management work, at the deputy commissioner level, directing all operational activities of the City Treasurer's Office through subordinate supervisors. The employee in this class is responsible for managing the deposit, investment and disbursement of all City funds. Significant to the work is the overall responsibility for reviewing and monitoring working relationships and costs of service with bank and brokerage firms. Working within the provisions of the Home Rule Charter, standard accounting procedures, public finance and cash management principles is a significant aspect of the work. The employee reports to the City Treasurer.

ALLOCATING FACTORS:

(The following conditions must be met for a position to be approved for this class.)

1. The position will direct the depositing, investing and disbursing of all City funds.

2. Only one position may be allocated to this class.

3. The position will report to the City Treasurer.

• Formulates and implements the application of cash management policies and standard accounting procedures; assures that all cash management activities comply with accounting standards and ethics.
• Directs all operational activities of the City Treasurer's Office through subordinate supervisors; plans, organizes, directs, coordinates and reviews the investment and disbursement activities of the office; directs the City's cash management program through banking relationships; manages the City's cash flow by assuring that checks payable to the City are deposited timely; checks with banks to assure checks are cleared promptly thereby making cash readily available for investment or disbursement.
• Manages the City's banking relationships including corporate trust activities; makes recommendations concerning the structure of note and capital financing as they relate to City processes, procedures and legal requirements. Produces the Treasurer's daily statement of funds received and disbursed. Sits on the City's Working Capital Committee to review financial documents to provide current and accurate information on the City's actual cash flow.
• Recommends the size and structure of annual note borrowing based on cash forecasting; recommends changes in ordinances affecting banking and investments.
• Forecasts daily cash requirements and contacts commercial banks and primary broker/dealers on a daily basis to invest the City's cash balances through 30 different funds; follows rules set by council ordinance in making investment commitments; makes daily investment decisions.
• Negotiates the cost of services with commercial banking institutions; purchases new, revised or additional banking services as needed; reviews account analyses, adjusts target balances, monitors automatic investment program and sufficiency of bank deposit collateral.
• Advises the City Treasurer on processes and procedures required by the City in accounting for loan proceeds; advises City departments on cash management techniques; advises Bond and Underwriters' Council on City accounting system including remittance and investing guidelines.
• Performs related work as required.

KNOWLEDGE OF:

• the principles of public finance, cash management and accounting as applied to the depositing, investing and disbursing of City funds.
• administrative and managerial practices, policies and procedures as applied to cash management of all City funds.
• the principles and practices of public administration and their application to a cash management operation.
• the money markets and investment practices and procedures.
• banking operations as they relate to cash management products, cost of services, interest earnings and collateral requirements.
• standards, guidelines and requirements for governmental accounting as set forth in statements of the Governmental Accounting Standards Board.
• generally accepted accounting principles, practices and procedures.
• generally accepted cash management principles, practices and procedures.
• the application of computing equipment and software to the maintenance of financial records and the production of financial statements.
• the application of telephonic and data processing equipment to transmit and receive financial information.
• electronic collection and disbursement systems and the operation of the Federal Bank wire service.
• supervisory practices and techniques.

SKILL IN:

• examining and analyzing financial records.
• preparing a variety of accounting reports.

ABILITY TO:

• exercise judgement and discretion in applying and interpreting policies and procedures consistent with overall policy and objectives.
• present ideas effectively, both orally and in writing.
• establish and maintain effective working relationships with associates, departmental officials and the banking and investment community.

EDUCATION

• Completion of a bachelor's degree program at an accredited college or university with major course work in business administration, finance or public administration.

• Seven years of administrative experience in a public financial agency managing the depositing, investing and disbursement of all City funds.

• Three years supervising a staff engaged in accounting for the City's cash flow in the production of the Treasurer's daily statement of operations.

Any equivalent combination of education and experience determined to be acceptable by the Personnel Department that has included a bachelor's degree and the specific experience described above.

PHYSICAL AND MEDICAL REQUIREMENTS

• Ability to physically perform the duties and to work in the environmental conditions required of a position in this class.

PAY RANGE: EP28
Class Established:
  CSC - 10/1993 ; Ad Board - 11/1993

FF/sb/sb